Palace are adamant they won’t cave into pressure of selling Zaha on the cheap having already let their other crown jewel, Aaron Wan-Bissaka, move to Manchester United.
The south London club are worried about a backlash from manager Roy Hodgson and the club’s supporters and if they let both of their star assets leave in the window.
Arsenal will have to fork out £100million to sign Crystal Palace talisman Wilfried Zaha
Aaron Wan-Bissaka (left) was unveiled as a Manchester United player on Saturday afternoon
Aware that Arsenal do not have the funds to pay a British transfer record, even if they sell Pierre-Emerick Aubameyang, Palace hope the seven-figure asking price quells any idea of Zaha leaving.
The player said in April he wanted to experience Champions League football but Palace want him to honour the contract he signed less than a year ago. It is understood there is no buy-out clause which strengthens the club’s hand.
Palace will look to sign a replacement for Wan-Bissaka whose £50million deal to Old Trafford was confirmed on Saturday.
Zaha revealed his desire to move on in an exclusive interview with Sportsmail in a April
Belgian Timothy Castagne of Atalanta is a leading target although any deal is complicated by Atalanta qualifying last season for the Champions League.
Hodgson also likes former Eagles defender Nathaniel Clyne who is out of favour at Liverpool but there are question-marks whether the 28-year-old is the long-term answer.
He spen the second half of last season on loan at Bournemouth and was in their side beaten 5-3 by Palace.